Tuesday, September 11th, 2018

 

China’s Xi calls for Moscow and Beijing to unite to fight protectionism

MOSCOW, Sept 11 — Chinese President Xi Jinping said today that Russia and China should work together to oppose trade protectionism and what he called unilateral approaches to international problems, a veiled reference to US foreign policy. Xi made…


Wrong Brexit will cost tens of thousands of UK car jobs, warns Jaguar boss

BIRMINGHAM, Sept 11 — The wrong Brexit deal could cost tens of thousands of British car jobs and risks production at Britain’s biggest carmaker Jaguar Land Rover, its boss warned, adding he had no idea if his plants could function after Britain…


Sterling erases gains as Brexit deal caution sets in

LONDON, Sept 11 — Sterling erased its earlier gains and edged lower today as a rise in optimism over prospects for a Brexit trade deal with the European Union faded. The British currency hit its highest level since early August in early trading at…


Judge: Former Volkswagen boss dragged feet on ‘dieselgate’

BRAUNSCHWEIG (Germany), Sept 11 — Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge US fines, a judge hearing a damages case brought by investors against the German carmaker said today. The…


Italy to offer Silk Road Fund compensation if Autostrade nationalised

ROME, Sept 11 — The Italian government has told Autostrade’s Chinese shareholder it would offer compensation should it decide to strip the toll-road operator of its motorway concession after last month’s deadly bridge collapse in Genoa….


Wall St flat, tech boost softens trade war fears

NEW YORK, Sept 11 — US stocks were little changed today, as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors due to fears of an escalation in Sino-US trade spat. President…


Ryanair issues jobs threat in Germany over strikes

FRANKFURT, Sept 11 — Ryanair warned today that it may slash jobs and close some bases in Germany if it is hit with more strikes, a day before a work stoppage by pilots and cabin crew for better pay and conditions. The Irish no-frills airline has…


UK finance minister says time running out on Brexit; BoE governor to stay on

LONDON, Sept 11 — Britain’s finance minister Philip Hammond said today time was running out to secure a Brexit deal and confirmed that Bank of England Governor Mark Carney had agreed to stay to help the country through “a turbulent period”…


Two Chinese investors keen to set-up operations in Malaysia-China Kuantan Industrial Park

NANNING, Sept 11 — Chinese investors’ interest towards Malaysia continues to grow with two companies showing keenness to set up operations worth billions of ringgit in the Malaysia-China Kuantan Industrial Park (MCKIP). Deputy International…


HSBC whistleblower defends tax leak as fights extradition

MADRID, Sept 11 — A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said today his actions had played a key role in helping other European countries uncover tax frauds….